Exercise And Related Net-Cash Settlement Of Share Options In Terms Of The Supplementary Share Incentive Trust
 
 
PSG GROUP LIMITED
 
(Incorporated in the Republic of South Africa)
 
(Registration number: 1970/008484/06)
 
JSE Limited (“JSE”) share code: PSG
 
ISIN code: ZAE000013017
 
LEI code: 378900CD0BEE79F35A34
 
(“PSG Group”)
 
 
EXERCISE AND RELATED NET-CASH SETTLEMENT OF SHARE OPTIONS IN TERMS OF THE PSG GROUP LIMITED SUPPLEMENTARY SHARE INCENTIVE TRUST (“SIT”)
 
 
Upon the exercise of the share options referred to below, PSG Group elected to settle it on a
 
net-cash basis. Accordingly, no shares were traded and there is therefore no obligation to
 
report thereon.
 
 
Due to the net-cash settlement, the executive directors did not receive any PSG Group
 
shares in respect of such options exercised, but only the net after-tax amount in cash.
 
 
In the interest of transparency, the following information regarding the exercise of options is
 
consequently disclosed:
 
 
1.
 
NAME OF DIRECTOR PJ Mouton
 
COMPANY OF WHICH I AM A PSG Group Limited
 
DIRECTOR
 
STATUS: EXECUTIVE/NON- Executive
 
EXECUTIVE
 
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
 
OPTION STRIKE PRICE R136.84
 
NUMBER OF OPTIONS EXERCISED 18 674
 
EXERCISE DATE OF OPTIONS 25 August 2020
 
PERIOD OF EXERCISE Participants have a 180-day period from the
 
vesting date of 28 February 2020 during which
 
the options can be exercised
 
NATURE OF TRANSACTION Exercise of share options by the director at the
 
closing price on the exercise date of R172.91 per
 
share and related net-cash settlement amounting
 
to R370 464 after tax (Off-market transaction)
 
NATURE AND EXTENT OF Direct, beneficial
 
INTEREST IN THE TRANSACTION
 
 
2.
 
NAME OF DIRECTOR WL Greeff
 
COMPANY OF WHICH I AM A PSG Group Limited
 
DIRECTOR
 
STATUS: EXECUTIVE/NON- Executive
 
EXECUTIVE
 
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
 
OPTION STRIKE PRICE R136.84
 
NUMBER OF OPTIONS EXERCISED 14 350
 
EXERCISE DATE OF OPTIONS 25 August 2020
 
PERIOD OF EXERCISE Participants have a 180-day period from the
 
vesting date of 28 February 2020 during which
 
the options can be exercised
 
NATURE OF TRANSACTION Exercise of share options by the director at the
 
closing price on the exercise date of R172.91 per
 
share and related net-cash settlement amounting
 
to R284 682 after tax (Off-market transaction)
 
NATURE AND EXTENT OF Direct, beneficial
 
INTEREST IN THE TRANSACTION
 
 
3.
 
NAME OF DIRECTOR JA Holtzhausen
 
COMPANY OF WHICH I AM A PSG Group Limited
 
DIRECTOR
 
STATUS: EXECUTIVE/NON- Executive
 
EXECUTIVE
 
TYPE AND CLASS OF SECURITIES Options in relation to ordinary shares
 
OPTION STRIKE PRICE R136.84
 
NUMBER OF OPTIONS EXERCISED 14 745
 
EXERCISE DATE OF OPTIONS 25 August 2020
 
PERIOD OF EXERCISE Participants have a 180-day period from the
 
vesting date of 28 February 2020 during which
 
the options can be exercised
 
NATURE OF TRANSACTION Exercise of share options by the director at the
 
closing price on the exercise date of R172.91 per
 
share and related net-cash settlement amounting
 
to R292 519 after tax (Off-market transaction)
 
NATURE AND EXTENT OF Direct, beneficial
 
INTEREST IN THE TRANSACTION
 
 
Clearance for the above was obtained in accordance with paragraph 3.66 of the JSE
 
Listings Requirements.
 
 
26 August 2020
 
Stellenbosch
 
 
Sponsor
 
PSG Capital
 
 
Independent sponsor
 
UBS South Africa
 
 
Date: 26-08-2020 05:15:00
 
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